Banco Santander to Close 95 Branches in UK

MT Newswires Live

03/20

Banco Santander (SAN) said Wednesday it plans to shut down 95 branches in the UK, beginning in June.

The closures will leave the bank's network with 349 active branches in the UK, down from 444 currently, which is part of a broader reorganization plan, it said.

The company expects the closures to impact around 750 employees if the proposals proceed following consultation with unions.

The locations closed will be covered by new Santander community bankers, the company said.

Price: 7.11, Change: -0.03, Percent Change: -0.49

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